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Exciting news for homeowners near Providence Road in south Charlotte!
Three developers – Levine Properties, Northwood Ravin, and Horizon Development Properties – are joining forces to revitalize the 115-acre area with a mixed-use redevelopment project.
Photo illustration courtesy of Levine Properties
This project aims to bring new life to the area with the addition of up to 1,500 new housing units, including about 225 affordable/workforce units, a 100,000 square-foot grocery store, 80,000 square-feet of smaller boutique retail (without drive-thrus), and 45,000 square-feet of office space.
The site, which is located near the intersection of Providence Road and Sardis Lane, includes the redevelopment of Crest on Providence apartments and Gladedale apartments and has the Providence Square Shopping Center at its center. Most of the existing development in the area is 50 or 60 years old, and this project aims to modernize the area and bring the idea of 10-minute neighborhoods to life, where people can access most day-to-day needs within a short distance from home.
Plans by three developers, including a subsidiary of affordable housing nonprofit Inlivian, call for up to 1,500 new residential units and a new grocery store off Providence Road in south Charlotte.
The addition of a grocery store is sure to be a welcome change for nearby residents who have been without one for years. However, the expansion of the housing component may stir up opposition from those in south Charlotte who already object to worsening traffic on Providence Road. While residents might be concerned about the effects of a larger project, the developers believe that this project will bring much-needed revitalization to the area.
The land covered by three rezonings would contain a mix of housing types, such as single-family, townhomes and affordable apartments, on both sides of Providence Road. (Map from rezoning filing)
The three separate rezoning requests require the approval of the City Council, which will likely take up the issue in the second half of this year. This is a rare opportunity for a development or redevelopment of this size in south Charlotte, where land is scarce, and it’s sure to bring positive changes to the area. Stay tuned for updates on this exciting project!
Don’t miss out on this exciting opportunity to see a potential increase in the value of your home! The mixed-use redevelopment project in the Providence Road corridor is poised to bring a fresh new look and improved amenities to the area. Click the link below to receive an immediate home estimate.
